Mark Development

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General

From their offices in Boston and New York, the people of Mark Development have been responsible for more than $1.5 billion in urban and suburban mixed‑use developments in eight states. Comprised of a group of talented, inspired thinkers with unique skill sets, this team has the vision to see opportunities that others overlook, the creativity to imagine solutions that others can’t see, and the agility to move quickly before the opportunity vanishes.

Updates

Mark Development Closes on 12 Kempton Place, Part of Dunstan East Development
Mark Development has purchased 12 Kempton Place in Newton for $1.3M. The parcel is one of 7 included in the approximately 3.17 acre proposed 40B project, Dustan East. The project, under review now and on the agenda for Newton's May Virtual Zoning Board of Appeals meeting would include 3 three buildings in total. Plans cal 244 units, 61 designated affordable along with 12,141 square feet of retail space.

Construction Continues at Trio Newton: Pre-Leasing Now Underway
Both exterior and interior work is ongoing at Trio in the heart of Newtonville with pre-leasing underway for expected move in this summer. The modern building will feature a total of 140 apartments along with 39,745 square feet of ground-floor retail space and an underground garage with 236 vehicle parking spaces and over 180 bicycle storage spaces. 110 surface parking spaces will also be provided for commercial patrons. Residents will have access to 2 roof decks, a private library/conference room, plus a fitness center with a yoga room and spin studio.

Interior Finish Work Underway at Trio Newton
With expected opening this summer, interior finishing is underway for Trio Newton. The mixed-use project will feature 140 apartments with 39,745 square feet of ground-floor retail space. Resident amenities offered will include 2 roof decks, an outdoor plaza with cafe seating, a club room with library/conference room, and a fitness center with breakout yoga and spin studios.

Demo Application Filed to Make Way for The Kenmore Square Hotel
Just weeks after the Kenmore Square Hotel project won approval from the BDPA, The Boston Landmarks Commission has received an application to demolish the structure at 560-574 Commonwealth Avenue. The demo will make way for the landmark 29-story, 391 room hotel. The project will also include a new public plaza and roadway improvements for Kenmore Square.

Mark Development Wins Approval for Kenmore Square Hotel
Major changes are in store for Kenmore Square as the BPDA has approved Mark Development's Kenmore Square hotel project. The distinct 29 story tower will feature 391 guest rooms along with a half-acre public plaza. As part of the project, a new public street to connect Commonwealth Avenue and Beacon Street will be built and other public realm improvements, around $15M worth in total, will be made to better improve pedestrian and bicyclist access.

Mark Development Scales Back Riverside Proposal
Mark Development has scaled back their plans for the mixed-use development at the Riverside MBTA Station. Updated plans call for a total of around 1.2M square feet with residential units being reduced from 675 to 526. The tallest tower planned for the site at 18 stories has also been removed from the proposal. The new hotel planned remains along with restaurant retail space and over 500,000 square feet of office space.

Washington Place in Newton Taking Shape
Framing is in place and sheathing is going up for the mixed-use project, Washington Place in the heart of Newton. The new building will include 140 residential units, 26 of which are designated affordable, along with nearly 40,000 square feet of ground-floor retail space. A below-grade garage will include 236 parking spaces for residents and there will also be 110 surface spots for commercial patrons.

Steel Framing Going Up for Washington Place in Newton
Structural Steel framing is going up for the Washington Place project in Newtonville. The project will feature 140 residential units along with over 43,000 square feet of commercial space. Resident amenities will include a roof deck and fitness center along with 15,000 square feet of outdoor space. The project is located just steps from the Newtonville Commuter Rail Station.

New Plans Call for 300' Hotel in Kenmore Square
Mark Development has released updated plans for the Kenmore Hotel at 560 Commonwealth Avenue. The new plans call for a 28 story tower (increased from 24) that would be just under 300 feet tall. The hotel would feature 389 rooms and 1,500 square feet of ground-floor retail space. The plan also calls for a new street behind the hotel to connect Comm. Avenue to Beacon Street before their current intersection in busy Kenmore Square. The new road would allow for shorter crosswalks and create a public plaza and new bike lanes.
The updated plans are now under official review with the City.

Newton Property Refinanced for $7.18 Million
Mark Development has refinanced their property at 891 Washington Street in Newton, MA for $7.185 million via Bank of New England.
The property features a 10,747 square foot building sitting on a .42-acre parcel of land. The building was constructed in 1929 and has served as a US Post Office building throughout its history.

Washington Street Post Office Acquired for $6.75 Million
Mark Development has acquired the property at 891 Washington Street in Newton, MA for $6.75 million.
The property features a 10,747 square foot building sitting on a .42-acre parcel of land and was constructed in 1929. It has served as a US Post Office building throughout its history.

Demolition Underway at Washington Place in NewtonDemolition continues along Washington Street in Newton to make way for Washington Place. The upcoming project in Newtonville, is now set to have 140 residential units, 43,860 square feet of commercial space and 309 parking spaces.Washington Place tenant amenities will include a private fitness center and a rooftop deck. Over 15,000 square feet of outdoor space will be available to both residents and the general public.

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